Answer:
D) $6,400
Explanation:
To calculate the points deducted by Marcia in the current year, we use the following method
Since she collected the loan in July of the current year, there is five (5) months remaining in the current year, for Marcia to deduct any point, the will need to divide the number of month(s) remaining by the money she borrowed while we have have as;
$320,000/ 5
= $64,000
Answer:
$24,000
Explanation:
Calculation to determine How much taxable gain will Mark recognize from the sale
Mark allocated precontribution gain $20,000
($40,000-$60,000)
Add Post contribution gain $4,000
($60,000-$76,000*25%]
Taxable gain $24,000
($20,000+$4,000)
Therefore How much taxable gain will Mark recognize from the sale is $24,000
Answer:
$5,325
Explanation:
Disposable personal income is the income that remain after paying all personal taxes and purchase of final expenditure on goods and services.
Disposable personal Income = Personal Income of the consumers - Personal Taxes paid by the consumers
Disposable personal Income = $7,863 - $2,538
Disposable personal Income = $5,325
So, the disposable personal Income for the individual is $5,325.
To calculate the decrease in the GPD, we will have to multiply the decline in the government's spending by the multiplier.
Since the MPC is 2/3, therefore, the multiplier in this case is 3.
Therefore:
<span>if government spending decreases by $6 billion, equilibrium gdp will decrease by 3*$6 billion = $18 billion</span>
Answer:
A. A market economy is determined by consumers and a command economy is determined by central authority.
Explanation:
A market economy is driven by customers in the form of demand and the sellers in market supply to satisfy the demand.
Command economy is driven by command, customers do not decide what to demand and when, only central authority supplies what they see fit.
